ILS/PHP: what to know
The ILS/PHP rate shows how much PHP you get for 1 ILS. Right now, 1 ILS buys 20.6743 PHP at the mid-market rate. In the other direction, 1 PHP is worth 0.0484 ILS.
In the short term ILS is driven mainly by the tech sector and geopolitics, while PHP responds to overseas remittances and trade flows.
The Israeli Shekel (ILS) is issued by Bank of Israel. “Shekel” is one of the oldest names for a unit of money — mentioned in the Bible. The Philippine Peso (PHP) is issued by Bangko Sentral ng Pilipinas. The Philippines is the only Asian country with a currency called the “peso” — a legacy of Spanish rule.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.